automobiles

The ugly math of low sales, high costs

General Motors Company sold a record number of Chevy Volts in the month of August. This is not good for the company's bottom line, however, as GM is losing as much as $49,000 on each Volt sold, according to industry analysts and manufacturing experts. GM is estimated to be years away from making money on the Volt, and will soon face new competition from Ford, Honda, and others. The Volt's steep ($39,995) base price and complex technology have kept buyers away from Chevy showrooms.